Blue Jays Decline Options On Kevin Gregg

The Blue Jays have declined options on right-hander Kevin Gregg, making him a free agent, according to a team press release.  Toronto held options of $4.5MM for 2011 or $8.75MM across the next two years.  The reliever will instead receive a buyout of $750K.

In his first year north of the border, Gregg turned in a 3.51 ERA with 8.8 K/9 and 4.6 BB/9.  MLBTR learned last week that the 32-year-old will be a Type B free agent.  Jordan Bastian of tweets that the Blue Jays will likely offer him arbitration in order to land a compensatory draft pick if he declines and goes elsewhere.

Our own Ben Nicholson-Smith recently compared Gregg to a trio of relievers from last winter's free agent class: Brandon Lyon, Fernando Rodney, and Jose Valverde.  All three had similar contract years to Gregg and all three secured multi-year deals worth upwards of $11MM.

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